Rental Basics in Holly Grove>Question Details

del3030173, Home Buyer in Holly Grove, LA

can you avoid paying taxes on income producing property by using that money to pay the priciple of the mortgage.?

Asked by del3030173, Holly Grove, LA Fri May 31, 2013

Help the community by answering this question:


Since principal repayment isn't an expense, there's no off-set to your rental income for taxes. You should discuss with a CPA to understand all viable options.
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0 votes Thank Flag Link Sat Jun 1, 2013
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